This does not bode well: Higher prices + lower wages = slower growth

Submitted by IWB, on July 13th, 2013

The price of gallon of gas is already up 96% under Obama. At a time when wages have been trending down, prices have been going up. And nothing pushes up prices like higher transportation and shipping prices, due to higher fuel prices. Higher prices + lower wages = slower growth.

And if you think that’s bad, since 1986, the cost of college tuition in the United States has risen by 498 percent. Since 2010, employee health insurance premiums have been rising an average of between 8 and 9 percent a year, and we haven’t even really seen Obamacare kick in yet.

So why is the Government telling us that inflation is just 1% yoy? It’s because “the way that inflation is calculated has changed more than 20 times since 1978, and each time it has been changed the goal has been to make it appear to be lower than it actually is.”

Wake up and smell the inflation America… U.S. PPI rises more-than-expected

U.S. producer prices rose more than expected in June, pointing to an apparent increase in inflationary pressures that could make the U.S. Federal Reserve more comfortable about reducing its monetary stimulus.